Japanese electronics giant Casio has confirmed that the personal data of almost 8,500 individuals was stolen during an October ransomware attack. Casio was the target of a ransomware attack on October 5, which saw hackers access sensitive data and render many of the company’s systems unusable. The attack was claimed by the Underground ransomware gang, … Read more
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, grew the catastrophe bond and insurance-linked securities (ILS) assets under management in its range of mutual reinsurance fund strategies to more than $5 billion in the last quarter of record.When we last reported on the investment managers 40’s Act compatible mutual … Read more
Pedro Madeira Froufe [Editor of this blog and Coordinator of the Group “Studies in European Union Law” (CEDU), of JUSGOV – Research Centre for Justice and Governance, University of Minho). 1. Football currently calls for multiple angles of analysis. In recent decades, as an economic activity, it has developed universally. It is a very specific … Read more
Reflecting the ability of the majority of the market to absorb initial mark-to-market losses from hurricane Milton within just a number of weeks, the broad benchmark index for insurance-linked securities (ILS) funds, the Eurekahedge ILS Advisers Index, delivered a positive 0.81% return for the month of October 2024.Every ILS fund tracked by the Index delivered … Read more
NORTHBROOK, Ill., November 21, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October of $286 million or $226 million, after-tax, including $102 million, pre-tax, from Hurricane Milton and unfavorable reserve reestimates of $144 million, pre-tax, related to Hurricane Helene, primarily in Georgia, South Carolina and North Carolina. … Read more
